Dark Mode
Large text article

Pi Network Integrates On-Ramp Services to Accelerate Real Web3 Adoption

Pi Network is taking a bold step toward mainstream crypto adoption by integrating On-Ramp services ahead of centralized exchange (CEX) listings. This strategic move allows users to convert fiat currencies into cryptocurrencies like USDT directly within the Pi ecosystem, making it easier to access Pi apps and participate in the Web3 economy. By prioritizing On-Ramp integration, Pi Network aims to strengthen its Global Consensus Value (GCV) and build a decentralized financial infrastructure that doesn’t rely on traditional exchanges.


hokanaews,hoka news,hokanews.com,pi coin,coin,crypto,cryptocurrency,blockchain,pi network,pi network open mainnet,news,pi news Coin Cryptocurrency Digital currency Pi Network Decentralized finance Blockchain Mining Wallet Altcoins Smart contracts Tokenomics Initial Coin Offering (ICO) Proof of Stake (PoS) Proof of Work (PoW) Public key cryptography Bsc News bitcoin btc Ethereum, web3hokanews


Building a Self-Sustaining Web3 Ecosystem

The integration of On-Ramp services reflects Pi Network’s commitment to creating an inclusive and self-sustaining Web3 ecosystem. In contrast to the conventional crypto model that depends heavily on CEX platforms, Pi Network is offering users a direct path to acquire digital assets using familiar payment methods such as debit cards, credit cards, and digital wallets.

This approach simplifies the onboarding process for new users and reduces reliance on third-party intermediaries, which often pose risks to security and transparency.

Seamless Fiat-to-Crypto Conversion

Through partnerships with providers like Banxa and Onramper, Pi Network has introduced a “Buy” feature in the Pi Wallet app. This feature enables users to purchase Pi Coin or other cryptocurrencies using over 25 local currencies, including IDR, USD, EUR, and VND. As a result, users from diverse regions can engage with the Pi ecosystem without navigating complex exchange platforms.

This solution is particularly valuable for users in regions with limited access to crypto infrastructure or restrictive financial regulations.

Strengthening GCV and Ecosystem Stability

Global Consensus Value (GCV) serves as the community-agreed benchmark for Pi Coin’s value within the ecosystem. As more users purchase and utilize Pi Coin through On-Ramp services, GCV is expected to rise steadily. This growth reflects increased trust in Pi’s utility and reinforces its role as a viable digital currency.

Moreover, transactions conducted via On-Ramp are direct and transparent, helping maintain a balanced supply and demand dynamic across the network.

Reducing Dependence on Centralized Exchanges

One of the major hurdles in crypto adoption is the dominance of centralized exchanges. Pi Network is actively working to reduce this dependency by offering secure, decentralized alternatives. By integrating On-Ramp services before enabling CEX access, Pi Network ensures users retain full control over their assets from the outset.

This strategy aligns with Web3 principles of user sovereignty, transparency, and decentralization.

Implementation Challenges and Ongoing Integration

While On-Ramp integration offers significant benefits, it has not been without challenges. Some users have reported delayed transactions or missing balances. In response, Onramp Money and other partners have confirmed that integration is still in progress and advised users to wait for the official launch scheduled for August 2025.

Pi Network also emphasizes the importance of using KYB-verified services to avoid fraud and maintain ecosystem security.

The Role of KYC and KYB in Pi Network

To uphold the integrity of its ecosystem, Pi Network requires KYC (Know Your Customer) for users and KYB (Know Your Business) for partners. These verification processes ensure that only authenticated individuals and entities can participate in transactions and Mainnet integration.

This framework fosters a secure and trustworthy environment for users and business partners, minimizing the risk of illicit activity.

Impact on Global Adoption

The On-Ramp integration opens new doors for global adoption of Pi Network. Users from various backgrounds can now easily access Pi Coin and begin using apps within the ecosystem. This creates a powerful network effect, where increased participation drives growth in applications, transactions, and overall value.

It also positions Pi Network as a leader in building a sustainable and inclusive Web3 economy.

What’s Next for Pi Network

With the Open Network now live and On-Ramp services rolling out, Pi Network is entering a new phase of development. Future plans include expanding DAO governance, enhancing developer tools, and increasing merchant adoption.

The successful implementation of On-Ramp services lays the groundwork for these advancements, demonstrating that Pi Network is both scalable and secure—ready to support millions of users in a decentralized digital economy.


Disclaimer 

The articles contained on the JituMaster website are provided for informational purposes only and are not intended as an invitation or recommendation to invest. Jitumaster is not responsible for investment decisions made based on information from this site. All risks arising from the actions of the reader are entirely their own responsibility, and Jitumaster has no involvement or responsibility for any losses that may occur.

Close Ads